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Very common scenario for sure, if it'd be helpful to look at some options feel free to reach out!

A common scenario would be to pay a penalty if you sell within the first 5 years starting at 5% if you sell in the 1st year down to 1% in the 5th year.

When I said size doesn't matter as much I meant for STR you don't need massive rooms, larger common areas, etc.If you went MTR you might go further away from RTP and go for higher bedroom count, for less appreciation on average.NOTHING about this post is gospel.

I think there is a common misunderstanding that licensed contractors cost more.

So, the common person may ask - well how is me funding the rehab myself any more risky for the lender/why would they want to limit leverage?

A common mistake in my area is to ignore Hotel Occupancy Tax.

This is a common 'trick" we use in flipping.

This is more common in highly leveraged deals. 

Just want to start setting up as if it were. so far i have thought about creating 7 accounts.1) all rental income account 2) account where common utilities and mortgage will be billed3)maintence/capex expenses4)vacancy expense5)management expense (to put the units up for rent)6) property taxes 7)cashflow am i missing anything?